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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: glenn_a who wrote (86701)	9/20/2007 8:25:12 PM
From: benwood	Respond to of 110194

I have no doubt that Bernie et al really don't give a s8it what happens to the poor, nor the middle class for that matter. The important thing is to control the dialog as best they can, and continue the bailouts on wall street, all in the name of six and seven figure bonuses for them and their ilk come Christmas.

To: glenn_a who wrote (86701)	9/20/2007 8:25:17 PM
From: Joe Stocks	Read Replies (5) \| Respond to of 110194

Chairman Bernanke just answered Texas Representative Ron Paul's question about the "moral justification" for devaluing the US dollar, by saying that the "value" of the currency can also be measured by what it can buy domestically, and so the Fed will watch the inflation rate and "make sure" that inflation is "under control." In other words, by ignoring the question altogether and answering it with a non-sequitur; the Fed will continue the policy of devaluing the dollar by creating inflation to help combat inflation. FWIW, From Minyanville.com buzz and banter